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Accounts Receivable
 6 Months Ended
Jun. 30, 2017
Accounts Receivable, Net, Current [Abstract]  
Accounts Receivable
RECEIVABLES
 
June 30,
2017
 
December 31,
2016
 
(in millions)
Utility customers and other
$
56.2

 
$
15.3

Contract services, primarily DOE
4.4

 
4.6

Accounts receivable
$
60.6

 
$
19.9


 
On occasion, Centrus will accept payment in the form of uranium. Revenue from the sale of SWU under such contracts is recognized at the time LEU is delivered and is based on the fair value of the uranium received in exchange for the SWU. Accounts Receivable as of June 30, 2017, includes uranium receivable with a fair value of $12.5 million.

Centrus formerly performed site services work under contracts with DOE at the former Portsmouth and Paducah gaseous diffusion plants. Overdue receivables from DOE of $14.2 million as of June 30, 2017, and $22.8 million as of December 31, 2016, are included in Other Long-Term Assets based on the extended timeframe expected to resolve the Company’s claims for payment.

Centrus has unapplied payments from DOE that may be used, at DOE’s direction, (a) to pay for future services provided by the Company, or (b) to reduce outstanding receivables balances due from DOE. The balance of unapplied payments of $19.3 million as of June 30, 2017, and December 31, 2016, is included in Other Long-Term Liabilities pending resolution of the long-term receivables from DOE described above.